D James Bidzos Sells 3,000 Shares of VeriSign, Inc. (NASDAQ:VRSN) Stock

VeriSign, Inc. (NASDAQ:VRSNGet Rating) CEO D James Bidzos sold 3,000 shares of VeriSign stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $214.87, for a total transaction of $644,610.00. Following the transaction, the chief executive officer now directly owns 656,444 shares in the company, valued at $141,050,122.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

D James Bidzos also recently made the following trade(s):

  • On Thursday, January 19th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $211.73, for a total transaction of $423,460.00.
  • On Thursday, January 12th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $211.80, for a total transaction of $423,600.00.
  • On Tuesday, January 10th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $207.68, for a total value of $415,360.00.
  • On Thursday, December 22nd, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $202.25, for a total transaction of $404,500.00.
  • On Tuesday, December 20th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $200.12, for a total value of $400,240.00.
  • On Thursday, December 15th, D James Bidzos sold 2,000 shares of VeriSign stock. The stock was sold at an average price of $202.41, for a total value of $404,820.00.
  • On Tuesday, December 13th, D James Bidzos sold 2,000 shares of VeriSign stock. The shares were sold at an average price of $209.15, for a total value of $418,300.00.

VeriSign Stock Up 1.5 %

Shares of VeriSign stock opened at $214.91 on Friday. The business has a 50-day moving average price of $202.55 and a 200 day moving average price of $190.90. The firm has a market cap of $22.78 billion, a PE ratio of 28.58 and a beta of 0.95. VeriSign, Inc. has a twelve month low of $155.25 and a twelve month high of $228.80.

VeriSign (NASDAQ:VRSNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The information services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.57 by $0.01. VeriSign had a negative return on equity of 47.71% and a net margin of 59.07%. The firm had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $356.40 million. During the same quarter last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that VeriSign, Inc. will post 6.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VRSN. US Bancorp DE grew its stake in shares of VeriSign by 5.2% in the 2nd quarter. US Bancorp DE now owns 6,079 shares of the information services provider’s stock valued at $1,017,000 after purchasing an additional 299 shares during the last quarter. Bank of Montreal Can increased its position in VeriSign by 29.4% during the second quarter. Bank of Montreal Can now owns 75,475 shares of the information services provider’s stock worth $12,777,000 after purchasing an additional 17,164 shares during the last quarter. Aviva PLC increased its holdings in shares of VeriSign by 31.8% during the 2nd quarter. Aviva PLC now owns 90,517 shares of the information services provider’s stock worth $15,146,000 after buying an additional 21,830 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of VeriSign by 3.3% in the 3rd quarter. Prospera Financial Services Inc now owns 4,619 shares of the information services provider’s stock worth $802,000 after purchasing an additional 146 shares during the period. Finally, Wedmont Private Capital raised its holdings in VeriSign by 58.0% in the third quarter. Wedmont Private Capital now owns 2,731 shares of the information services provider’s stock valued at $474,000 after buying an additional 1,002 shares during the period. Hedge funds and other institutional investors own 91.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of VeriSign in a research note on Tuesday, December 13th. They issued a “buy” rating and a $243.00 price objective for the company. StockNews.com initiated coverage on VeriSign in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Robert W. Baird raised shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $216.00 to $265.00 in a research note on Thursday, December 15th.

VeriSign Company Profile

(Get Rating)

VeriSign, Inc provides domain name registry services and Internet infrastructure, which enables Internet navigation for many of the world’s most recognized domain names. It enables the security, stability, and resiliency of key Internet infrastructure and services, including providing root zone maintainer services.

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